what is cost of ore
Answers
Answer:
ore a has 80% iron ore b has 60% iron
Step-by-step explanation:
It varies from ore to ore
for example
Iron ore prices monthly 2019-2020. In July 2020, iron ore was valued at approximately 108.52 U.S. dollars per dry metric ton unit (dmtu)
Using this hypothetical value of 1 ozt./ton, each pound of ore would contain approximately 0.0005 ounces of gold. Now let's assume that gold is valued at $1500 per ounce. That would make the gold in a one pound ore sample worth approximately 75 cents, and this is assuming that the ore is extremely rich
If u r asking about grade of ore then
The grade of ore refers to the concentration of the desired material it contains. The value of the metals or minerals an ore contains must be weighed against the cost of extraction to determine whether it is of sufficiently high grade to be worth mining.
More specifically, ores with Fe contents above 65% are regarded as high-grade ores; 62–64% medium- (or average) grade ores and those below 58% Fe are considered as low-grade ores [2–5].